Reuters alone to report ex-Goldman trader’s prime broker picks for $1 billion fund
03.02.2011
Reuters reported exclusively that former Goldman Sachs star trader Morgan Sze has picked three prime brokers –- UBS, Goldman and Morgan Stanley – for his $1 billion hedge fund launch in Asia. The selection, which lingered in Asia’s hedge fund industry for months, was a highly anticipated event in the region’s investment banking market, as Sze’s fund launch is expected to dish out millions of dollars in annual fees. While Bloomberg and Dow were unsighted on the story, it received wide attention with websites such as CNBC, Morningstar, Fidelity and industry publications HedgeCo.Net, FinAlternatives, HedgeWeek, HedgeTracker and Albourne picking it up with credit to Reuters.
